Gold choppy, but safe bet in long term
The outlook for gold would remain choppy, analysts said, with repeated liquidations, but in the long-term the metal would serve as a base to offset broader economic risks.
First Uranium on the ropes
First Uranium was against the ropes and any further operational slippage "brings the canvas into view" according to RBC Capital Markets analyst Leon Esterhuizen.
Eskom strike would be illegal – spokesperson
A strike by Eskom employees would be considered illegal as the power utility is deemed an essential service, an Eskom spokesperson said.
Iron ore steady ahead of steel uptick
Steel production was likely to tick up in September and October in China with iron ore prices holding steady in the meantime, traders said.
Ipsa’s Earl calls it quits
Peter Earl, CEO of Ipsa, is stepping down from executive duties at the company after helping found the company six years ago.
Cortec banned from Kenya prospect
Cortec, a South African company, has been told to stop mining in Kenya where it has already sunk nearly $144m searching for niobium which is used in the production of ferrous metals.
Froneman nets R11m in ‘retention fee’
Gold One CEO, Neal Froneman, also praises shareholders for recognising the value of the firm's combination with the Chinese.
Union starts arbitration with Eskom
Solidarity says it will on Wednesday hold a first dispute meeting at the Commission for Conciliation, Mediation and Arbitration in a bid to settle the drawn-out wage dispute with Eskom.
Glencore ups stake in Optimum further
Glencore further edges up its stake in Optimum Coal Holdings snapping up another percent in the coal producer, South Africa's sixth largest.
Zimbabwe turns up the heat on Zimplats
The Zimbabwe government has threatened to cancel Zimplats mining licence in the latest bout of "sabre rattling" over the country's indigenisation requirements for mining companies.